Property Details
8716 Sand Point Way NE #1-14
Seattle, WA 98115
$5,700,000
Active
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Property Overview
Turnkey Property on Lake Washington. Positioned on Lake Washington’s western shore in the sought-after Matthews Beach neighborhood, Beach Club Cottages is a 14-unit multifamily community comprised of six buildings on two adjacent parcels. Includes a two-story single family home, two single-family cottages, & three apartment buildings, each with three or four units. All the units have been updated with new kitchens & bathrooms. Finishes vary, with many featuring newer luxury vinyl tile flooring & appliances. Most of the units offer scenic lake views, & nine homes boast in-unit laundry with a common laundry room providing laundry service to the remaining units. Two of the units are on the water & offer private yards. Located steps from the Burke-Gilman Trail and a short walk to Matthews Beach, the property offers direct lake frontage, private beach access, boat slips, and a mix of garage and off-street parking. This high quality, turnkey property, with its desirable waterfront location, offers an investor the opportunity to own an income producing property with upside in one of Seattle’s coveted neighborhoods.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Matthews Beach
Listed
Apr 20, 2026
Financial Summary
Cap Rate
4.30%
Net Operating Income
$244,409
Gross Scheduled Income
$411,655
Gross Rent Multiplier
13.80
Total Expenses
$148,722
Vacancy Rate
2.0%
Building & Use
Building Sq Ft
11,105
Leasable Area
9,827 sqft
Total Units
14
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
1.08 acres
Year Built
1920
Exterior & Lot
Lot Size
1.08 sqft
Year Built
1920
Garage
3 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Paved, Sidewalk
Exterior Features
Wood
Location
City
Seattle
County
King
Coordinates
47.69279, -122.26950
Additional Information
Tax Year
2025
Annual Taxes
$62,193
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:11 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
